Job Description
Monzo is seeking a Collections Strategy Manager to lead its collections and recoveries strategy. This role involves developing and implementing innovative and compliant collection strategies, focusing on positive customer outcomes. The ideal candidate will have a deep understanding of the credit lifecycle, collections best practices, and regulatory requirements.
Role Involves:
- Designing and implementing data-driven collections and recoveries strategies.
- Evaluating and refining strategies based on performance analysis and regulatory changes.
- Developing segmentation strategies for personalized customer solutions.
- Championing the use of digital tools to enhance collections processes.
- Embedding a customer-centric culture within collections processes.
- Monitoring KPIs related to customer outcomes and satisfaction.
- Ensuring strategies treat customers fairly, with a focus on vulnerable customers.
- Utilizing data analytics to monitor portfolio performance and identify trends.
- Leading, mentoring, and developing a high-performing team.
- Ensuring compliance with legal and regulatory requirements.
Requirements:
- Experience in a senior strategic role within collections & recoveries, preferably in the financial services sector.
- Proven track record of developing and implementing successful collections and recoveries strategies.
- In-depth knowledge of relevant regulatory frameworks and compliance requirements (e.g., FCA, Consumer Duty and CCA).
- Strong analytical and problem-solving skills.
- Excellent leadership, communication, and interpersonal skills.
- Demonstrable experience in driving change and process improvements.
- Strong understanding of the credit lifecycle and risk management principles.
- Experience in managing and overseeing digital collections strategies & self-serve solutions.
- Proficiency in SQL for data extraction, manipulation and analysis is desirable.
What Monzo Offers:
- £68,000 - £90,000 salary plus share options.
- Flexible working hours.
- £1,000 learning budget each year.
- Work from home setup support.